A motion has been filed by lawyers representing Binance.US, Binance Holdings Limited (the global exchange), and Binance CEO Changpeng “CZ” Zhao. The motion alleges that the United States Securities and Exchange Commission (SEC) provided misleading statements regarding an ongoing securities lawsuit.
According to the lawyers, the SEC’s statements have led to the belief that the SEC has misled the public about the case. Lawyers representing Binance.US, Binance Holdings Limited, and CEO Changpeng “CZ” Zhao have lodged a motion in the US District Court for the District of Columbia recently.
The motion asserts that the press release issued by the US Securities and Exchange Commission (SEC) on June 17 included statements that were “unsupported by evidence” and “inconsistent with the rules of professional conduct.”
The legal team argues that the SEC’s statements in the press release lack substantiation and do not align with accepted standards of professional conduct.
Gurbir
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